Zombie Properties

There Are A Few Things Your Lender Wants You To Know

Today’s News Synopsis: Getting a mortgage during the pandemic?  Mortgage rates decreased again to another all-time low with 30-year rates now at 3.15% and 15-year rates at 2.62%.  Despite an increase in foreclosure moratoriums, the amount of zombie properties holds steady. In The News:   Freddie Mac – “Mortgage Rates Hit Another All-Time Low” (5-28-2020) …

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Attack of the iSquatters!

Today’s News Synopsis: What are iSquatters, and how do they abuse the iBuying space?  The Mortgage Bankers Association reported an 11.9% decrease in mortgage applications from last week.  Home prices increased 4.6% from last month according to the FHFA. In The News: Realtor.com – “What Do Both Republicans and Democrats Really Care About?  Housing Affordability” (10-23-2019) …

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Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement

Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million.  A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit.  At the same time, the Supreme Court of Texas ruled in …

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